Quote:
Originally Posted by nfotiu
Canadian home equity interest isn't tax deductible, is it?
Make sure you take that into account when you are analyzing your investment. If you are paying 7% interest, you'd probably need to make about 10% to break even. Unless there is some way to deduct that interest as an expense, I guess.
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If you use the loan to invest than I think you can write off 50% of the interest so long as you don't put the investment into registered savings.